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Sep 22, 2018 @ 11:56

Pernia thrilled with Century Properties-Mitsubishi deal. Here’s why


This goes to show that the pivot to Asia is working.

Economic Planning Secretary Ernesto Pernia went to party the night away with officials of Century Properties and Japan’s Mitsubishi Corp.

The two firms tied up to form the PHirst Park Homes, which will build 33,000 low-cost homes in the Philippines.

“This is a microcosm of our country’s strong partnership with Japan. NEDA will continue to strengthen links with stakeholders & harness housing as a platform to reduce poverty,” Pernia said as he joined the celebration.

Japanese investors are definitely in it for the long haul.

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